Inflation is set to remain elevated throughout 2021, analysts say, but central bank is not expected to take action until at least the end of the year.
Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says.
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
This week the Czech National Bank increased its key interest rate for the first time in the last 16 months, while the Hungarian National Bank did so for the first time in the last 10 years.
162 GW, or 62%, of new renewable capacity was cheaper than new fossil fuel-fired generation in 2020
The economies of Central and Eastern Europe (CEE) are bouncing back from the pandemic recession but this will also stimulate inflation, posing a dilemma for central banks.
Hungarian and Czech central banks could be first in EU to raise rates despite ongoing pandemic.
Annual growth rate picks up 0.4pp versus the revised annual reading in April.
International banking groups remain committed to the region, with their strategies tilted towards expansion or stability despite the coronavirus pandemic, EIB survey shows.
The existence of a "greenium" is mostly justified by higher demand for green bonds. We estimate the greenium for each curve separately, ensuring it is not polluted by other factors such as sector or maturity.
As part of the company’s PLN140bn investment drive by 2030, Orlen plans getting into offshore and onshore wind, solar energy, as well as energy storage.
The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.
Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.
Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns.
There is a cost saving to issuing Green. It varies according to circumstances, but the baseline assumption now is for green yields to be below vanilla ones; not by much, but it's persistent enough.
The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.
Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.
The IEA has said that the road to net zero by 2050 is “narrow but still achievable,” so long as there is no more investment in new coal projects, in order to limit global warming to 1.5C.
Central Europe is facing a prolonged period of higher inflation that is likely to lead to significant interest rate hikes.
Iron prices have surged to nine-year highs in the post-COVID commodities boom that got underway at the end of last year, but that is now pushing up the cost of carbon for producers and eating into their profits.